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Chewy blows past earnings estimates. How the pet-food retailer is weathering the economic storm. - MarketWatch

1. Chewy's stock rose 4.9% after beating earnings estimates. 2. Adjusted EPS of 28 cents well exceeded consensus of 3 cents. 3. Sales increased by 14.9% to $3.25 billion, above expectations. 4. Net customer additions totaled 431,000, reflecting strong growth. 5. Mizuho analyst predicts Chewy will perform strongly through 2025.

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FAQ

Why Bullish?

Chewy's strong earnings and customer growth indicate robust business health, enhancing stock appeal.

How important is it?

The significant earnings surprise and strong growth metrics provide a solid foundation for potential stock movements.

Why Short Term?

The immediate bullish sentiment from earnings may drive prices for the next quarter.

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